News

Inflation rate closes in on two digits

The year-on-year inflation rate in Laos surged to 9.9 percent in April, the highest figure recorded since January 2016, according to the latest report from the Lao Statistics Bureau. The consumer price index jumped at its fastest pace in recent months, further putting the squeeze ...

Souksakhone Vaenkeo

Laos’ Surging Inflation a Cause for Concern

Inflation in Laos is set to move beyond a six-year high, jumping from 6.25 percent in January to 7.3 percent in February, according to the Lao Statistics Bureau. While the government had set a target of at least 4% annual GDP growth from now through 2025, ...

Latsamy Phonevilay

Food prices the cause of mounting inflation in Laos

VIENTIANE (Vientiane Times/ANN) – The inflation rate continued to rise in March, with the Lao National Statistics Bureau attributing the growth of the annual Consumer Price Index (CPI) due to rising food prices, and not the depreciation of the kip as many people believed.The statistics ...

Ekaphone Phouthonesy

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